Marriott International

Marriott closes on $13B Starwood purchase Combined companies run 5,700 hotels across 110 countries

The W Hotel in Union Square (credit: Starwood Hotels)

This time, no mysterious Chinese suitor showed up at the last minute. Marriott International closed on the $13 billion acquisition of Starwood Hotels Resorts.

The new company will span 5,700 hotels with 1.1 million rooms across 110 countries, making it the world s largest hotel operator. Marriott had initially agreed to buy Starwood in November. But in March, Chinese insurer and fund manager Anbang Ins爱上海龙凤419桑拿

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urance Group launched a rival, $14 billion bid,阿爱上海同城

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pr上海贵族宝贝交流区

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ompting Marriott to up its own offer. Anbang suddenly and mysteriously withdrew its bid mere weeks later, clearing the way for the Marriott merger.

“We think there are real advantages to size,” Marriott CEO Arne Sorenson told 上海龙凤论坛sh1f

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the Journal.

The new company runs and operates nume上海千花社区

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rous hotels in New York through its Ritz Carlton, Courtyard by Marriott, Residence Inn, W Hotels, Westin and Sheraton brands. [WSJ] Konrad Putzier

Tags: Marriott International, starwood hotels and resorts, w hotel
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